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for years. it's not a bubble. i don't think the bull cycle is over. by the way, stocks today closed at new all-time highs. the dow up another 128 points. also this evening evening, president obama wrapping up yet another pep rally, cheerleading obama care and probably defending his falsehoods. this time he's in texas. we'll get the reaction from lieutenant governor from that state and perhaps an escape hatch from obama care you need to know about. >>> chris christie gets the really big wins he was hoping for in new jersey. dick morris joining us live this evening. the "the kudlow report," we begin right now. good evening, i'm larry kudlow, this is "the kudlow report." we're live here at 7 p.m. eastern/4 p.m. pacific. the twitter ipo will start trading tomorrow. kayla joins us now. good evening. what have you got. >> it came together before we came on air for "the kudlow report." twitter pricing at $26 per share. it's above the price range, above the increased range when they said they would raise between $23 to $25 for the shares selling to the public. $26 above even that heightened range.
, chris ready. james, good to see you. clinton as usual has the story completely right. what i don't get, you're a clinton guy, what i don't get is obama says jay carney says they understand they will help but they are not doing anything. there's a lot of legislative proposals, as you know, from democrats and clinton -- i mean obama is not supporting them. why? >> first of all he said as jay carney correctly pointed out he told chuck todd on msnbc he would try to keep these people in. understand this is only if you have insurance in the private market, this is only under certain circumstances that this applies. who knows. they may be able to figure a way for these people to keep it. it's not going to apply to whole lot of people anyway. obama has said the same things along the same line that president clinton has. >> i don't know. let me bring chris ruddy in. chris, first of all, bill clinton didn't hedge. bill clinton didn't say if it's the right plan or if it meets regulations. bill clinton said you should keep your promise even if it requires new law. he was very direct and very blunt
people, gee, you can't have that health insurance plan you don't want. now there's someone running in my distinct in virginia for the house of delegates. she's decided, well, doctors probably will have to be forced to accept medicaid patients because that will be necessary to make the system work. and i think people are seeing the kind of intrusiveness and coerciveness as well as the wastefulness of it and saying no way. >> and losing your doctor. i put it bluntly. the liberal entitlement state dream is crumbling before our eyes. okay? that's the way i look at it. and ari, i'll take it to you because i think as bill kristol suggested, i think this has tremendous political ramifications that even obama may not yet fully understand. >> well, we could test some of those tomorrow. virginia is a race where you've had republicans try to run on obama care. it's a state that's traditionally leaned to the right. but i think the democrats are looking very strongly in there. we'll see what happens. in new jersey, chris christie is seen as a moderate by some, and he has participated in aspects of th
when he said here's what i really meant and went on blah, blah, blah. i don't see that the president gets how important politically that was. >> we may have different definitions of apologies. maybe it's a partisan thing. i don't know. i thought an apology is when you say i'm sorry. i watch that had clip and i thought i heard him say i'm sorry. >> i thought he said he was sorry that people didn't understand what he was saying. and sorry that he may not have explained it right. i didn't hear him really say i'm sorry that i said i'd let you keep your insurance and your doctor and we went back on our word. i didn't hear that. i did hear the word sorry, i'll grant you that, but i thought it was a rather sorry performance. >> i think they might feel sorry coming next year because the beggar problems are yet to come. the small group plans got an extension because they renewed off cycle. so they won't start getting dropped until closer to the end of 2014. but i think the biggest problem is people will enroll and try to use the coverage and nip who was previously insured and now on an obama
when it comes to how the insurance markets work? i don't get these guys. >> join the crowd. i get that, too. no quarterback. brad, let me go to you, congressman. yesterday we had these revelations from mr. chow, from the hhs. he says 30 to 40% of the website is not brok is not built. specifically the back payments and the purchasing. my question is even if you got renewals, bob says you have to get it in by the first half of december, how are they going to work this through if you can't pay for it and connect the website to the insurance company? that's the part i don't get. >> that's the big question, right? we can't turn back time and wish it was another day before this all started taking place. people are prepared for this for three years at least on the provider end and people in the insurance business that planned for this for three years and now it's falling oo part because it's not ready. this is an extremely difficult time. the number one diagnoses will be anxiety and stress. this is really a big problem. each day the dominos keep falling. they also see how the rules have chang
of the quality -- >> the worst. >> the best doctors don't go near it, is that fair? >> that's absolutely fair. >> these people are going to be ma maltreated. >> it won't collapse. you'll have expanded medicaid. a shrunken exchange that works for poor people and sicker people. it will limp along. >> bob, let me just dispose of the numbers. the numbers look disastrous. are people expecting these numbers to just continue disastro disastrous. >> the numbers have changed in terms of the number of enrollments insurance companies are getting. let me put the numbers in another context for you. 27,000 people in 36 states is 25 people per day per state. in the state of florida and the state of ohio, that's 1 person per hour per day in florida signing up for healthcare.gov. i think one of the incredible stories here that's just not being focused on and reported is how cynical this administration is to tell people to keep try g trying. goodness, they have known these numbers. they knew one person in florida or georgia was getting through and they told them to keep trying. sebelius is kind of like a bagh
his tenure. and made a big change in that. that's helped the policy he believes. >> don't you think he's screwed up the forward guidance in the last go around? everyone expected a tapering down of the bond purchases? >> i agree with you. are we talking about this now or later? >> let's do it now. i don't get to visit with you enough and i love you and i want to visit with you. >> i'm giving him a lower grade because of what happened in june and september. i agree with you complete he. i thinks he done a lot of bold stuff and i think what's done a lot of enkninnovative things bu grade is a "b." there's my "b." because the june and the september messups, i don't think he's go at this communication thing right. i applaud what he's done on transparency. i think the quantitative easing given what happened on the fiscal side had to continue. but i think at the end of the day, he needed to do better on the communications to get it right. >> very amusing. i give him a "b." >> drum roll? >> a little different reasoning but we come out the same. i thought he was fantastic during the crisis of 20
an expanding economy. but with unemployment at 7.3% and inflation at less than 1%, i really don't believe that the fed is going to rein in bond buying for many, many months. but we'll debate that proposition later in the show. >>> plus, now he's sorry? five weeks into the obama care debacle and in an exclusive nbc interview yesterday, the president had this message for the millions who received insurance plan pink slips. was he sincere? you be the judge. >> i am sorry that they are finding themselves in this situation based on assurances they got from me. >> today, president obama changed the subject from obama care to the economy. interestingly, he had a good section on corporate tax reform. you know what? i love it. but will he really push for it? >>> and is the republican party in better shape than you think? following chris christie's commanding blue state victory, a series of polls shows the gop could be poised for more big wins in 2014. all that and more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." w
around but we don't. until we get that we won't. >> the business about early renewal program. you mentioned this on the air when we had that wonderful woman who was fighting cancer out in michigan. you gave her some pretty good advice the early renewal program. will obama allow them to extend to -- yeah extend out to 2014. would they allow that? >> right now many insurance companies in many states are allowing people who have received the cancellation letter to do what's called an early renewal. they changed their anniversary date to december 1, 2013. under obama care you don't have to comply with the obama rules in the individual market until the first anniversary after january 1, 2014. so they are suggesting people change their anniversary date to the latest as possible which is december 20, 2014. that way they get a one year reprieve. however not all states allow that. the state of california does not allow it. there are 1 million cancellation letters in the state of california. and the california insurance authority said we're not going to allow -- they said this before, the o
if they are in effect right now. but remember, many states and insurance companies don't want to do that. in fact, some of the biggest states have already said no to earlier proposals to extend some of these canceled policies into 2014. some states have barred -- that's a practice called early extension. many states have barred that. so, again, it's not clear that this is going to change a whole lot. it may change some policy availability for some people. but i do think it's more about politics than actually changing the policy. >> early renewal. thank you. i didn't know that. let me ask you follow up, next one, tomorrow is a vote on the fred upton bill that would allow people to keep their insurance and actually let new people go back and get the old insurance forever and then i'm going to ask you, after that vote, is there going to be a senate vote? it sort of all seems like a push comes to shove in the senate with the mary landrieu vote. do you think it will happen after today's obama news conference? >> i doubt it. this is one circumstance where gridlock is the president's friend. the prospect of a
like him. i don't know. i fear the death of the medical profession. let's ask our guest. here now is dr. bill grace, also with us tonight, democratic strategist chris cofinas, heather and jim pethokoukis from the american enterprise institute. bill grace, let me start with you. are they just pricing doctors out? is this a deliberate strategy? 20 bucks a visit or -- that's crazy, absolutely crazy. >> they thought they had everything worked out on the front end of this whole deal. and you know what a disaster these turned out to be. i don't think they had any idea what they were going to do on the back end. but no one thought we were going to get more money from this. we were all thinking this was going to be -- if you remember two months ago, i said this was medicaid plus. slightly better reimbursement than medicaid. >> there's a long-term trend here. both for medicare and medicaid, to keep slicing an slicing and slicing down. hospital reimbursements, doctor reimbursements. this is part of that trend. why? why won't they reward doctors? >> basically they compare the price of physicians i
, veteran political analyst larry sabato. it's kind of like, i don't know, deja vu all over again. the white house is capitulating. the insurance companies can do it better. this is where we started. why don't we just stay there and let the insurance companies do that? why do we need this gigantic state-run bureaucracy? >> well, the insurance companies selling obama care policies is just a stopgap. they still expect to get the exchange up and running. they're simply trying to make sure it doesn't all go kaput between now and then. secondly, the catastrophic medicare thing was a, bipartisan, b, kind of a small law. it wasn't going to discredit anybody's political career, certainly not president reagan's. so i don't think that the obama people are going to give up the ghost quite as quickly as dan rostenkowski and ronald reagan did. >> okay. maybe. so small is a relative term. larry sabato, welcome. what do you think on this? look, i know absolute outright repeal seems very unlikely. now i get that. but you have this tremendous revolt in the house, 39 democrats. you've got a simmering revoter
out into next year. i don't see how the democrats get out of this mess. i just don't. >> it's really more than a drip, drip, drip. it's soak, soak, soak. and the problem is got such a bad launch. anytime it gets off to such a poor start, it's very hard to recover. so at least for the short term between now and the off year laerks it will be impossible for the democrats to recover. longer term i think the only thing president obama can do is speak aspirationally, hope to inspire his liberal base that he betwe did the right thing, providing people to insurance who don't have it the right thing. but the problem is middle class voters and especially senior citizens, seniors who are increasingly voting bloc, even though they're on medicare, anytime they hear health care is not working, they fear for themselves. >> that's the thing, steve murphy, back to you. you've xwrgot a dozen senate democrats, and i don't mean the more conservative ones like joe manchin. i think about centsenator jean she sha sheen. she wants to stepped a lot of these deadlines which in my humble opinion makes a lot o
tweets. "mad money" thanks cramerica for being with us for over 2,000 episodes. >>> twitter, don't go crazy. you offer 20 billion and i'm out of here. always bull markets, i promise i promise to try to find it right for you here on madonna. i'm jim cramer. i'll see you monday! >>> good evening. i'm larry kudlow. this is "the kudlow report." we're live here at 7:00 p.m. eastern and 4:00 p.m. pacific. we begin the developing news out at the los angeles international airport tonight where a shooting earlier today left one tsa agent dead and as many as seven others injured. we're awaiting a news conference from authorities in just a minute. but first, let's check in with cnbc's scott cohn who joins us now live with the latest details. good evening, scott. >> reporter: good evening, larry. friday morning at los angeles international airport. business travelers headed home at the end of the week. others getting an early start on the weekend when a man in the terminal pulls an assault rifle out of a bag and starts shooting. he blasts his way where passengers normally exit and then makes
their children into signing up for obama care. this ad says i don't mind being the reason i got health insurance. you're the reason i drink wine out of a box. i don't get it. all right. joining us now. sean spicer with the republican national committee and we'll be joined by dnc communications director. good to have you here. >> thanks, michelle. great to be with you. >> i was going to ask mo, am i being too negative i? i think you think i'm probably not. i think you sounded off a pretty good list of what's going on right now. it's the state of play. one thing that's being overlooked, not just the number of people signing up, because what we're finding out day after day is the front end glitches are now exposing some back end glitches meaning as the insurers go in to find out who has signed up for their insurance plan, they are not getting the information they need so you, the consumer, are going to the website, signing up for picking the plan, not that many of them, by the way, according to the numbers that you're putting out there, but then when the insurance companies get that information, it
insurance commissioners, some of whom have already made plain they don't want to extend those policies, brian. >> john harwood thank you as always, buddy. have a great weekend. we'll speak more about the problems this creates for insurance companies with the ceo of highmark insurance in a bit. also in the news today the house passing the gop's keep your health plan act which would allow insurance companies to, again, offer health plans which were previously cancelled for not meeting obama care requirements. in a sign of growing democratic jitters, 39 democrats joined with republicans to support the bill. this despite leadership opposition and a formal white house veto threat. here now is the bill's primary sponsor, michigan republican fred upton. fred, welcome. tell us where the bill goes from here. >> well, you know, this afternoon we won by more than 100 votes. a lot of democrats, 39 joined with most of the republicans. but what's the most tragic thing here is the president and administration in that sense were willing to throw literally millions of americans over the edge, under the
, but you have to make your peace with it because it's obvious that the journal of thes don't care. there's always a bull market "m" i'm jim cramer. i will see you tomorrow. >> president obama hits back at the criticism that he is getting from all sides on the iran nuclear deal. he says the critics, quote are, just talking tough. but what if they're telling the truth? we're going to look at the political, diplomatic and financial repercussions of this agreement. and what will israel do in response? by making this deal, the white house has brought the deal between the white house and jerusalem to an all-time low. will israel feel forced to defy the u.s. and strike iran on its own? and the one thing this deal is doing, it's getting the obama health care failure off the front pages, at least for now. but new revelations about the disastrous healthcare.gov are coming to life this evening and they do not bode well for the future of the entire program. all the stories and more on the "kudlow report" starting right now. >>> good evening. i'm michelle caruso-cabrera in tonight for larry kudlow, a
plan, comma, period, mr. president. that was your first lie. this new lie i don't think is going to help anybody. before we get to our panelists, dave cam subpoenaed the obama administration for internal obama care enrollment data and private estimates shows signups for the older people. plus, call them the hidden cross of obama care. thanks to the laws, collection, taxes, fees, regulations on insurers, everybody will have nearly higher premiums. president obama's gallup approval rating, which has now fallen to just 39%, so my question this evening with obama's credibility on the line, why would the white house resort to new lots about obama care. >> it's really not necessary. here now we have health policy forum. kelly ann conway, president and ceo of the polling company. we welcome ron foreign yeah. lying about lies, credibility matter. fournier, why are they doing all of this. it will damage his credibility even more. >> i don't know why they're doing it. it's political malpractice, any leader whether you're in politics, business, running a church, you have to have credibility
Search Results 0 to 17 of about 18